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Report
Colombia Paints Market Report and Forecast 2023-2028
Market Report I 2023-09-20 I 101 Pages I EMR Inc.
Colombia Paints Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Colombia paints market is projected to grow at a CAGR of 4% between 2023 and 2028. Aided by the rising demand for quality paints in various sectors and the growth in construction and renovation activities, the market is expected to grow significantly by 2028.
Paints, known for their protective and aesthetic properties, are widely used in various applications such as building and construction, automotive, and industrial machinery. They play a crucial role in shielding surfaces from environmental elements, corrosion, and wear and tear, along with enhancing their visual appeal. Apart from these features, the increasing innovation in paint technology is leading to the development of products with additional capabilities, like heat resistance and eco-friendliness.
The rising construction and renovation activities in Colombia are driving the Colombia paints market growth. With the increasing urbanisation and infrastructure development, there has been a significant rise in the demand for high-quality paints in the construction industry. Moreover, as homeowners seek to refurbish and improve their living spaces, the demand for decorative paints has seen a marked increase.
The expanding applications of paints in various industries also significantly contribute to the Colombia paints market expansion. In the automotive industry, paints are used to protect vehicles against environmental elements and enhance their aesthetic appeal. In the industrial sector, paints are used as protective coatings for machinery and equipment. Furthermore, the advent of innovative products such as heat resistant and eco-friendly paints is opening new avenues for market growth.
The application of paints and coatings to increase the protection and durability of various objects and structures is leading to an expansion of the Colombia paints market. For the interior and exterior surfaces of commercial, institutional, residential, and industrial structures, long-lasting architecture paints are becoming more and more popular.
Moreover, the growing emphasis on sustainability has led to an increased focus on eco-friendly paints. As environmental consciousness grows among consumers, paint manufacturers are being driven to develop environmentally friendly products, such as low VOC paints and waterborne coatings. These paints, apart from being less harmful to the environment, also offer health benefits, thereby increasing their appeal to consumers.
Market Segmentation
The market can be divided based on raw material, technology, and application.
Market Breakup by Raw Material
- Pigments
- Solvents
- Resins
o Acrylic
o Alkyd
o Epoxy
o Polyurethane
o Others
- Additives
Market Breakup by Technology
- Powder-Based
- Water-Borne
- Solvent-Borne
- Others
Market Breakup by Application
- Architectural
- Industrial
o General Industrial
o Automotive and Transportation
o Wood
o Aerospace and Marine
o Protective
o Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Colombia paints companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- PPG Industries, Inc.
- Benjamin Moore & Co.
- Compania Global De Pinturas S.A.
- Pinturas Super Ltda
- CORLANC S.A.S
- Pintubler de Colombia SA
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Colombia Paints Market Overview
8.1 Key Industry Highlights
8.2 Colombia Paints Historical Market (2018-2022)
8.3 Colombia Paints Market Forecast (2023-2028)
9 Colombia Paints Market by Raw Material
9.1 Pigments
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Solvents
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Resins
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Type
9.3.3.1 Acrylic
9.3.3.2 Alkyd
9.3.3.3 Epoxy
9.3.3.4 Polyurethane
9.3.3.5 Others
9.4 Additives
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Colombia Paints Market by Technology
10.1 Powder-Based
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Water-Borne
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Solvent-Borne
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Others
11 Colombia Paints Market by Application
11.1 Architectural
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Industrial
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.2.3 Market by Type
11.2.3.1 General Industrial
11.2.3.2 Automotive and Transportation
11.2.3.3 Wood
11.2.3.4 Aerospace and Marine
11.2.3.5 Protective
11.2.3.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code - 3209)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Policy and Regulations
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PPG Industries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Benjamin Moore & Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Compania Global De Pinturas S.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Pinturas Super Ltda
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 CORLANC S.A.S
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Pintubler de Colombia SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
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